Welcome to Toby Farms PA located in the northeast section of Chester Township with a Brookhaven PA address.
So how is the first time home buyer market faring? -- in one southern Delaware County community, very well - thank you.
Toby Farms PA is located just west of Upland and south of Brookhaven in the northeast corner of Chester Township just east of Chester Creek. It is to the south of Bridgewater RD which becomes Brookhaven Rd to the north and 6th Street in Upland to the east. Bridgewater Rd continues on a spur to Concord Rd running south to I-95 and north further into Aston. This location provides easy access to I-95 both north and south as well as direct access north to the balance of Delaware County.
Toby Farms has a long history in the local area. The development was built on land originally used as farm land by John P Crozer. Toby Farms was named after one of Crozer's horses and was originally named Toby's Farm. The first homes were built on the site in 1960 and construction continued through the 1960s until the latest construction in 1973. The community also has its own Toby Farms Elementary School for grades K-5 which was originally built in 1963 and expanded in 1966.
Pricing has in the neighborhood has remained fairly stable. Between 2002 and 2006, average home prices ran from the high $40,000s to reach $81,000 in 2006. Since then the sales price has remained relatively stable with 45 sales in 2007 at $86,000, 37 in 2008 at $79,000, and 14 sales year to date at $85,000. In addition, there are 3 pending sales with an average list price of $70,000 and 11 currently on the market with an average $95,000 asking price. Generally, sales of fixers or bank owned properties have been in the $50's and $60s while standard resale have started in the $70,000s and have ranged over $100,000 depending on the size, condition, and amenities.
With the continued support of the $8000 tax credit and a stable or slowly recovering economy, it appears that Toby Farms has a solid chance of remaining fairly stable. With its convenient location and housing stock, it should remain a strong community as long as the surrounding area also stabilizes and grows.
As always, don't hesitate to contact me with any questions or if you need any additonal information.
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In this market, every buyer and seller is being impacted by foreclosures in the area. Although Pennsylvania and Delaware in general and the Philadelphia area in particular have not seen the overwhelming volume of foreclosures seen in states like California or Florida, we continue to see a steady stream of foreclosure properties on the market.